Coronavirus

Hopes for Chinese carriers to return a profit in the first quarter have been dealt a blow after the Civil Aviation Administration of China (CAAC) issued an order for flights tickets to be refunded or rescheduled for free.

After a choppy start to 2021, Hawaiian Airlines expects to reach 75% to 85% of its 2019 capacity in the summertime, with its North American network driving the majority of that growth.

Three of the region’s widebody operators are negotiating to cut their debt loads and dispose of some of their aircraft.

At the close of a tumultuous 2020, trends in business aviation paint a picture of positivity around the sector that suggests better times will follow

Alaska Air Group plans to deploy 80% of its pre-pandemic capacity this summer, reflecting new optimism that an inflection point in travel demand will occur sometime during the first half of 2021.

The European Commission (EC) is proposing member states implement tighter travel restrictions as newer, more infectious coronavirus strains take hold.

LAX confirmed it handled 28.8m pax in 2020, down 67.3% from 88.1m in 2019; aircraft movements dropped 45.1% and aircraft fell 7% (SPNWS; January 22).

HEXCEL had $31.7m net income on $1.5b sales in 2020 vs $306.6m on $2.4b in 2019; commercial aerospace sales fell 48.5%.

CRANE AEROSPACE & ELECTRONICS earned $100.7m on $651m sales in 2020 vs $189.4m on $799m in 2019.

ROLLS-ROYCE says its 2020 free cash outflow was in line with guidance and it ended year with £9b in liquidity; it is forecasting 2021 free cash

AEROFLOT GROUP carried 30.2m pax in 2020, down 50.3% vs 2019; it ended year with 364 aircraft in fleet.

S7 TECHNICS completed 413 A-Checks/84 C-Checks in 2020, up 2.5% from 2019; total man-hours dropped 5.5% to 2.04m.

IDEAWORKSCOMPANY estimates airline ancillary revenues at $58.2b in 2020 vs $109.5b in 2019 and $22.6b in 2010.

UNITED invested $2m in 4Q20 in recovery preparation, primarily for engine and airframe maintenance to prepare for efficient operations ramp up. It

AIRBUS HELICOPTERS booked 289 orders and delivered 300 rotorcraft in 2020 vs 369 orders and 332 deliveries in 2019.

COLLINS AEROSPACE earned $11m on $4.4b sales in 4Q20 vs $1b on $6.4b in 4Q19, and $1.5b on $19.3b sales in 2020 vs $4.5b on $26b in 2019.

For Europe’s airlines, optimism that began in late 2020 over vaccines has not translated into a surge in bookings as hoped.

PRATT & WHITNEY earned $33m on $4.5b sales in 4Q20 vs $354m on $5.6b in 4Q19; and $564m loss on $17b sales in 2020 vs $1.8b profit on $21b in 2019. It

GE AVIATION earned $564m on $6.3b revenues in 4Q20 vs $2.1b on $10.7b in 4Q19, and $1.2b on $21.6b revenues in 2020 vs $6.8b on $36.7b in 2019. It

ALASKA AIR GROUP had net losses of $430m in 4Q20 (vs $181m profit in 4Q19) on 64% lower revenues, and $1.3b in 2020 (vs $769m profit in 2019) on 59%

Aircraft carrying critical COVID-19 vaccines across Europe and over the Atlantic are to be given special priority using a new flight plan code, under a partnership announced by Eurocontrol.

South Korea’s latest LCC Aero K has put the brakes on its planned international expansion because of travel restrictions.

Canada’s latest testing requirements could further stymie the recovery for the country’s airlines.

There is consensus that the widebody segment will take many years to return to where it was.

U.S. President Joseph Biden on Jan. 25 signed an executive order reversing former president Donald Trump’s relaxation of entry requirements for international arrivals, in a bid to contain the spread of several new strains of novel coronavirus that were recently discovered abroad.